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Highest production VIN in the wild
- Thread starter insaneoctane
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- Model 3
BUZZ-Tesla jumps on reports from Detroit meeting
12:01 PM ET, 01/17/2018 - Reuters
** Shares in Elon Musk's electric car company up as much as 2.5 pct at $348.15 after meeting with investors at Detroit Auto Show.
** JPM note on meeting cites Tesla head of investment relations Aaron Chew as saying Model 3 production will reach 1,000 per week in January, up from Q4.
** Chew also promises main production bottleneck has been solved and says Tesla has cash to see it through launch as long as Model 3 hits 5,000 units a week by end of Q2.
** Reuters has not heard or seen a copy of the presentation which was given at a private meeting with investors organized by Deutsche Bank. (RM: [email protected])
From my Charles Schwab account
Reciprocity
Active Member
anticitizen13.7
Not posting at TMC after 9/17/2018
Why are these private meetings held? I’m irritated that the info isn’t made available to all investors at the same time.
SageBrush
REJECT Fascism
Same information was provided by Elon during the public EOQ a week or so ago
Told y'all they weren't at 1000 / week. Not a hater.
Is this saying they have to get to 5000 / wk by end of Q2 or else they are out of cash??!
Is this saying they have to get to 5000 / wk by end of Q2 or else they are out of cash??!
This is semantics. They didn't have full week to produce 1000 in 2017, but they reached speeds that could be pro-rated to 1000/wk. Now they can prove they actually can do sustained 1000/wk.
This is not the same as Trump saying he surely didn't say shithole(because he thinks he said shithouse).
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Tesla made a murky statement so people could interpret how they wanted. Many here wrongly interpreted it as that they are producing (by end of 2017) 1000 / wk. That is not true, and probably not true as of today.
For what it's worth, in first week of Jan, vins were in 3xxx, second will of Jan in 4xxx, and today I heard someone mention low 5xxx spotted. If not at 1000/week, is close to it.
SageBrush
REJECT Fascism
Probably won't see any until around 6xxx or even 7xxx depending on rate of production.
JRP3
Hyperactive Member
False. Tesla made an explicit statement which some people misinterpreted.
It absolutely was a murky statement I feel. "At the last few days, we produced at a rate which extrapolates to over 1000 cars per week". Yeah OK come on. They probably kept the factory open around the clock to get that. In all of Teslas previous statements, they say something like "we've ended the quarter producing at a consistent run rate of 1000 per week." The quarterly statement came out days after end of quarter, if they were producing CONSISTENTLY at 1000 per week I feel they would have said that rather than use clever words.
Ulmo
Active Member
There's nothing murky about it: they made about 285 Model 3's on about Dec. 29 & Dec. 30 in one spurt. They didn't specify whether it was overtime or regular time. That's it. Nothing murky about it.
Here is another observation. On other threads, a see a lot of activity with vins getting assigned. The surprising part, they're assigning vins in 3xxx range. This doesn't bode well for 1k/week production. My guess is that alcantra actually blocked production and it finally got resolved, hence another round of invites.
jelloslug
Active Member
There have been a large number of "stealth" invites where Tesla did not send out an email but you can configure.
JRP3
Hyperactive Member
SageBrush
REJECT Fascism
I took the statement to mean that a CapEx round could be avoided if Model 3 production hits 5k/week by end of Q2/18
